b'2002 By City Council ordinance, a new Tier 5 pension plan became effective January 1. Active members of existing tiers could elect to irrevocably transfer to Tier 5 during the period from January 2, 2002 to December 31, 2002. The DROP Program became effective May 1, 2002. A dental subsidy for retirees became effective January 1, 2002. Effective January 1, 2001, retirees and surviving spouses/domestic partners not able to enroll in a Board-ap-proved health plan because they live out of state or outside the service area of a Board-approved HMO became eligible to receive a health insurance premium reimbursement. Administration of the program began in 2002, retroactive to the effective date.The first payment under the Excess Benefit Plan was made. This plan was first authorized in 1990 to supple-ment the benefits to certain employees to the extent such benefits are reduced by the limitations on benefits imposed by Section 415 of the Internal Revenue Code of 1986, as amended. This plan is nonqualified under the Internal Revenue Code.2003 Annual active member statements of service credit and recorded contributions were issued to members for the first time since 1985.Based on recent federal and state legislation, active members may use funds from deferred compensation to purchase service credit.KaitLynn Markley Photo174 LAFPP ANNUAL REPORT 2025 Eric Fox Photo'